Business

18

Sep

By The Press Editor

Business

Speciality retail stock jumps over 15% amid rebound in benchmark indices, check full details

Shares of multi-brand retailer Bhatia Communications & Retail (India) Ltd today touched a fresh 52-week high of Rs 41.64. The stock opened flat at Rs 35.99 on the BSE and surged to an intraday high of Rs 41.64, a gain of Rs 5.65 or 15.69 per cent from the previous close of Rs 35.99. This is also the stock's fresh 52-week high. The stock's 52-week low is Rs 17.99, touched on March 30, 2026. Last seen, the stock was trading at Rs 39.39 with a gain of Rs 3.40 or 9.45 per cent from the last closing price. The market…

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18

Sep

By The Press Editor

Business

Infra stock ends session in green following Rs 207 crore construction order in Chennai, details here

Shares of infra-to-energy player Hazoor Multi Projects Ltd (HMPL), a small-cap company with a market cap of Rs 541.60 crore, ended the trading session in the green after the company informed exchanges that it has secured a commercial work order worth Rs 207.44 crore for a major residential development in Chennai. The stock ended the trading session at Rs 19.68, a gain of Rs 1.15 or 6.21 per cent higher from the previous close of Rs 18.53. The counter started the trading session at Rs 18.70 and touched the intraday high of Rs 19.83 and a low of Rs 17.72. …

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18

Sep

By The Press Editor

Business

Punjab CM Bhagwant Mann announces 8% DA hike for employees and pensioners ahead of festive season

Amid the festive season, the Punjab Chief Minister Bhagwant Mann has announced a significant 8 per cent increase in dearness allowance (DA). Employee unions met with Chief Minister Bhagwant Mann in Chandigarh on Friday and reached an agreement on the pending dearness allowance (DA). Afterwards, the government decided to increase the DA by eight per cent. This increase will be made in two instalments of four per cent each. After this, the DA of Punjab employees will increase to 50 per cent. Significantly, the increased DA will be released with this month's salary. This decision, taken just before the festival…

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18

Sep

By The Press Editor

Business

Moody’s sharply raises India’s FY27 GDP forecast to 7%, flags inflation risks from elevated oil prices

Despite trade wars and ongoing tensions from the conflict in the Middle East, the Indian economy has shown resilience. Rating agency Moody's has sharply raised India's GDP growth for the financial year 2026-27 (FY27) from 6 per cent to 7 per cent, considering India's economic stability. Moody's believes that despite Middle East shock and geopolitical tensions, India's growth rate will remain the fastest among G20 countries and equivalent economies. In a statement issued after a periodic review of India's 'Baa3' sovereign rating, Moody's said the "muted" fiscal policy response to the Middle East shock reflects the government's commitment to reducing…

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18

Sep

By The Press Editor

Business

CNG, petrol pumps in Delhi-NCR put up ‘No UPI, Only Cash’ boards over UPI MDR charges

Despite the Finance Ministry asserting that it does not expect the levy of Merchant Discount Rate (MDR) charges on UPI transactions above Rs 2,000 to shift customers to cash, several CNG and petrol pumps in Delhi and NCR have put up boards reading 'No UPI, Only Cash'. These fuel pumps in Delhi-NCR have put up posters and boards telling customers to make payments in cash or by card. A video from a CNG pump in Greater Noida also shows a "No UPI, Cash Only" poster; at this location, the staff refused UPI payments and insisted on cash transactions. However, after the…

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18

Sep

By The Press Editor

Business

EPFO wage ceiling increased to Rs 25,000, but what changes for those already earning above this? Find out

The Union Cabinet has raised the wage ceiling for mandatory coverage under the Employees' Provident Fund Organisation (EPFO) to Rs 25,000 per month from Rs 15,000. According to the government, this move is expected to bring more than 51 lakh additional employees under mandatory EPFO coverage. According to Information and Broadcasting Minister Ashwini Vaishnaw, this will significantly widen social security protection for workers.  "At present, a fresh employee joining employment at a wage above Rs 15,000 per month is not automatically covered under the EPF framework and may remain outside mandatory provident fund, pension and associated insurance protection. Raising the…

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18

Sep

By The Press Editor

Business

Hero Motors IPO GMP vs NSE IPO GMP vs Jindal Supreme IPO GMP: Check subscription status and other details

Today is the last day to subscribe to the initial public offering (IPO) of auto components maker Hero Motors Ltd. The public issue was subscribed 3.36 times on the second day of the share sale yesterday i.e. on September 18, 2026. According to data available on the National Stock Exchange (NSE), the Rs 1,000-crore IPO received bids for 29,80,84,496 shares against 8,86,07,596 shares on offer. The company has fixed a price band of Rs 79-84 per equity share for its IPO, which got fully subscribed on the first day of bidding. According to the information shared, the company's shares are…

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18

Sep

By The Press Editor

Business

18 September, 2026 Stock Market Updates: Sensex jumps 260 points, Nifty above 23,300, TCS falls 3.34%

Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a positive note amid strong global cues as crude slid on reports that Saudi Arabia could route additional supply to the market through alternative export channels. While the 30-share BSE Sensex jumped 260.65 points or 0.35 per cent to start the session at 74,575.24, the Nifty opened with a gain of 64.10 points at 23,334.70. In the last trading session, the Sensex closed at 74,314.59 and the Nifty 50 at 23,270.60. Similarly, the broader indices traded in the green in the early trading session. While the BSE…

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18

Sep

By The Press Editor

Business

Rs 160 Dividend Stock: Bajaj group company to share ex-date soon, check record date and other details

Amid stock market volatility, investors have an opportunity to earn additional income from their investments, as Maharashtra Scooters Limited (MSL), a subsidiary of Bajaj Holdings and Investment, has announced a dividend for its shareholders. The company announced an interim dividend of Rs 160 per share with a face value of Rs 10 each for the financial year ending March 31, 2027. A dividend of Rs 160 per share with a face value of Rs 10 represents 1600 per cent of the face value. Maharashtra Scooters Dividend Record Date The company has set September 21, 2026, as the record date to…

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17

Sep

By The Press Editor

Business

Shares of company that built Kanpur-Lucknow Expressway rebound after 4 days of consecutive fall, check details

Shares of PNC Infratech Ltd, involved in constructing the Kanpur-Lucknow Expressway, rebounded today after four consecutive days of falls. The stock opened in the red at Rs 133 against the previous close of Rs 134.40 on the BSE. It fell further to touch the intraday low of Rs 132.30, down Rs 2.1 or 1.56 per cent. However, the stock witnessed some buying and touched the intraday high of Rs 140.60. This is a gain of 4.61 per cent from the previous close. Last seen, the stock was trading at Rs 137.65, up Rs 3.25 or 2.42 per cent, and the company's…

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